In international business, if home currency is used to express the unit price of a foreign currency, we call it an indirect quotation.
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Please match the motives of international business and the strategies.
If abusiness borrows $1,000,000,000 for one year at an interest rate of 8 percent,what is the interest expense?
A. 80million dollars
B. 8 million dollars
C. $8,000,000
A business borrows $1,000,000,000 for one year at an interest rate of 8 percent.Ifthe interest rate increases by just 1 percent, what is the extra interestexpense?
A. $8,000,000
B. $9,000,000
C. $10,000,000
The interest rate has impact on a firm's.
A. revenues
B. expenses
C. net sales